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and speaker boehner? and like s. or you can get out there and actually like something. the lexus december to remember sales event is on. this is the pursuit of perfection. >>neil: maybe we just got ahead of ourselves. progress is looking not so good on the budget talks with ed henry at the white house with the latest. i am confused. where are we? >>reporter: santa geithner came to capitol hill and there was optimism but he came without bearing gifts and officer speaker wanted to see something on specific spending cuts. speaker boehner suggested the talks are going form right now. if there is any optimism it is the white house trying to both some life into the talks with too little bits of movement. james carney said the president is now open to spending cuts being part of the fiscal cliff talks. yesterday, the president suggested the tax changes now can be done and spending changes next year and the republicans say, not so were. second, a phone call teen the -- between the president and speaker boehner an
and speaker boehner? and like s. or you can get out there and actually like something. the lexus december to remember sales event is on. this is the pursuit of perfection. >>neil: maybe we just got ahead of ourselves. progress is looking not so good on the budget talks with ed henry at the white house with the latest. i am confused. where are we? >>reporter: santa geithner came to capitol hill and there was optimism but he came without bearing gifts and officer speaker wanted to see...
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a senior administration official told us that president obama and john boehner had a phone wallace night and politico was reporting that the phone call was curt. they said on the call john boehner told the president to leave the tax cuts for the rich alone. the president says he doesn't want to do that. he's going to stick with his plan to raise $1.6 billion in revenue and if republicans have something better they should be specific now. eric cantor said republicans are already going further than they did in the same spot in 2010. >> we have done our part. we have put revenues on the table, something we didn't do two years ago during the debt ceiling negotiations. >> we've seen some positive developments in the last several weeks, in terms of what republicans have been saying about the need for revenue as part of a balanced package. the president will continue to make the case that that is essential. >> reporter: so both sides saying revenue is on the table, now the fight is obviously to figure out where it's going to come from, how the government is going to make more money. democrats w
a senior administration official told us that president obama and john boehner had a phone wallace night and politico was reporting that the phone call was curt. they said on the call john boehner told the president to leave the tax cuts for the rich alone. the president says he doesn't want to do that. he's going to stick with his plan to raise $1.6 billion in revenue and if republicans have something better they should be specific now. eric cantor said republicans are already going further...
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obama is say nothing, i need more. boehner is saying we are further than we have ever been. >> they know where they will meet in the middle. >> dana: i think they are farther apart than ever, actually. >> eric: you do? >> dana: i do. does it show you wouldn't -- >> kimberly: absolutely not. >> kimberly: bolling is the last to leigh the building and first to enter. maybe he doesn't leave at all. >> screaming headlines on fox news.com. this is not a game. clearly frustrated. you must be good in chess. you two steps ahead of everybody, what you just diagnosed. i manual you're good. the president is also playing -- >> bob: can suck up. >> brian: i usually wait for the breaks. but i just do things that threw me a little bit. the president would not go to hawaii if the deal is not done. he has the deal. that the republicans will sign. >> dana: if they were able to go, the east wing said we are going to hawaii, you bet ber ready. get the back pack. i think there is so much planning that has to be done. if you take the white h
obama is say nothing, i need more. boehner is saying we are further than we have ever been. >> they know where they will meet in the middle. >> dana: i think they are farther apart than ever, actually. >> eric: you do? >> dana: i do. does it show you wouldn't -- >> kimberly: absolutely not. >> kimberly: bolling is the last to leigh the building and first to enter. maybe he doesn't leave at all. >> screaming headlines on fox news.com. this is not a game....
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i'm glad president obama's meeting with simon. i'd love for him to meet with john john boehner. [laughter] megyn: simon's got a lot of good ideas. were you in that meeting with the unions and the progressive groups that the president had -- >> no. i was in a different meeting. they can't meet with all at the same time. megyn: were you in the meeting that the progressive groups emerged from feeling, quote, very happy where they felt that the white house with us not going -- was not going to offer any spending cuts? they felt those programs were all going to be protected? >> no, no, i don't think that's what was said after that meeting. i think what the democrats want is balance. i think they're willing to give. i mean, in the president's budget now is $300 billion of additional cuts in medicare, and this is why what marc's saying is just not true. the democrats have shown a willingness to give on all four of the places we think we need to give. it's been the republicans who have been intransigent on tax increases and defense cuts. if we can come to a deal like we did in 2011, we
i'm glad president obama's meeting with simon. i'd love for him to meet with john john boehner. [laughter] megyn: simon's got a lot of good ideas. were you in that meeting with the unions and the progressive groups that the president had -- >> no. i was in a different meeting. they can't meet with all at the same time. megyn: were you in the meeting that the progressive groups emerged from feeling, quote, very happy where they felt that the white house with us not going -- was not going...
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is one thing that speaker boehner talked about today, leverage wise. that is tying the debt ceiling limit to this entire deal. and the white house reacting. >> there is a lot of things i wanted in my life, but almost all of them had a price tag attached to them. if we talk about the debt limit, there will be a price tag associated with it. >> asking for political price be paid, in order for congress to do its job to ensure that the united states of america pays its bills an does not default for the first time in its history is irresponsible. >> that is the leverage. that is why if the republicans in the final hour of the fiscal cliff negotiations say fine, you can have this much re-knew from the cap and deduction and closing loopholes we will budge on the rate. 37.5%. that is not must have none. if it is not tied to debt ceiling increase that would only pass with the aggressive medicare reform they have to have a separate debt ceiling fight in member. where do they find the math for that? republicans won't vote for anything without commensurate spendin
is one thing that speaker boehner talked about today, leverage wise. that is tying the debt ceiling limit to this entire deal. and the white house reacting. >> there is a lot of things i wanted in my life, but almost all of them had a price tag attached to them. if we talk about the debt limit, there will be a price tag associated with it. >> asking for political price be paid, in order for congress to do its job to ensure that the united states of america pays its bills an does not...
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in today's first look: the president obama / congressman boehner bounce: after struggling through the first half of the session, the dow made a triple-digit turnaround, going from red to green on upbeat budget comments from washington. gold took a hit, while oil slipped a bit. regulators are pushing off the final draft of the volcker rule into next year. the rule limits the ability of banks to trade stocks, options, commodities, and more. aaa predicts gas prices for the year 2012 will be the most expensive ever. the national average is $3.63 per gallon, topping $3.51 in 2011. the current price is $3.41, down a penny in the past week. mark sebastian of option pit mentoring and consulting joins us now to talk cliffs and bluffs. good morning to you. > > good morning. > still no chance we are going off that cliff according to traders? > > i guess not. it is interesting what will happen when politicians are short on detail, long on optimism. we could really get a nice rally. we took a nice technical bounce off the 200-day moving average around 1385. i don't think we see any real resistance
in today's first look: the president obama / congressman boehner bounce: after struggling through the first half of the session, the dow made a triple-digit turnaround, going from red to green on upbeat budget comments from washington. gold took a hit, while oil slipped a bit. regulators are pushing off the final draft of the volcker rule into next year. the rule limits the ability of banks to trade stocks, options, commodities, and more. aaa predicts gas prices for the year 2012 will be the...
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gerri: a lot call obama moves more campaigning. one of the questions that's not answered, andbowles brought it up today. he says democrats he to move on entitlements. should entitlements be a part of the conversation? >> oh, i think they absolutely have to be a part of the conversation. you know, if you look at what's happenedo spending over the last five or six years, and we know what's going to happen over the next 20-30 years, it's going to go up including federal spending as a share of gdp because of the relentless demographics. this is all about health care spending, not just entitlements, but the biggest share of the budget which is all of those programs starting with medicare and medicaid. you can't geout of it without dealing with those, a and bowles is absolutely right. gerri: long way to go. thanks for coming on. appreciate your time. >> sure. thank you. gerri: as a reminder, the revenue from the bush tax cuts would generate just $82.4 billion a year, enough to run the government for ve days. as president obama pushes for
gerri: a lot call obama moves more campaigning. one of the questions that's not answered, andbowles brought it up today. he says democrats he to move on entitlements. should entitlements be a part of the conversation? >> oh, i think they absolutely have to be a part of the conversation. you know, if you look at what's happenedo spending over the last five or six years, and we know what's going to happen over the next 20-30 years, it's going to go up including federal spending as a share...
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this is where we need not just president obama, but speaker boehner to lead. they need to stand up and present the plan to the congress for a vote. now i don't happen to agree with my wife and congressman cole. i think we need to continue to look at ways to cut spending. and if people can answer this question for me, do you think the federal government has done a good job of spending your money? if the answer is yes, you would be willing to give more of your money to the federal government. but i think most people, to this point, don't think that the federal government has done a good job of spending their money. and that is a crucial question people have got to ask. no one in washington or around the country should be surprised at where we are today. it is time -- look, there's no new proposal that's going to be put on the table between now and christmas or now and the end of the year. all of the proposals are out there. we know where everybody is on the issue. now is the time for the president and speaker boehner to lead. that is what we need in this country
this is where we need not just president obama, but speaker boehner to lead. they need to stand up and present the plan to the congress for a vote. now i don't happen to agree with my wife and congressman cole. i think we need to continue to look at ways to cut spending. and if people can answer this question for me, do you think the federal government has done a good job of spending your money? if the answer is yes, you would be willing to give more of your money to the federal government. but...
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yet when president obama told speaker boehner at their november 16th meeting to raise the ceiling by year's end boehner said there is a price for everything. no, there doesn't have to be. sometimes what is necessary and good policy should just be done. the ceiling will be breached because of the fiscal track we're on and agreeing to the expenditures and revenues that are now in place the debt ceiling will be exceeded because of the boehner's policies, policies that have driven revenues down well below historical norms and far below the expenditure levels of about 22% of gdp. never mind that speaker boehner called the debt ceiling his leverage and speaker boehner voted five times to during the bush presidency, to raise the ceiling to the tune of nearly 4 trillion-dollar. this time he wants the default by the government that he has a moral obligation to support the raising the debt ceiling now. so here is the offer the president should make. i tolerated an unacceptable and improper effort by your house to extract concessions on an issue that should be a simple procedural vote. i will n
yet when president obama told speaker boehner at their november 16th meeting to raise the ceiling by year's end boehner said there is a price for everything. no, there doesn't have to be. sometimes what is necessary and good policy should just be done. the ceiling will be breached because of the fiscal track we're on and agreeing to the expenditures and revenues that are now in place the debt ceiling will be exceeded because of the boehner's policies, policies that have driven revenues down...
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even with the clock ticking it's almost two week since president obama and john boehner met in person. nbc news confirms two leaders spoke by phone for 15 minutes last night a call described by politico as short and curt. boehner gave his state on the current talks a moment ago. >> no substancetive progress has been made in the talks between the white house and the house over past two weeks. all eyes are on the white house. the country doesn't need a v victory lap it needs leader. >> behind the scenes of the contours of a deal are starting to take shape, a trillion plus dollars in tax heights, entitlements of $400 billion and 1.2 trillion in spending cuts to offset the dreaded sequester. if the phoners haven't been gabfests the president is chatting up other folks including small business owners, middle class americans and mitt romney-loving ceos. if awkward meetings are par for the course in washington, the president's one today takes the cake. later this hour, president obama will sit down for a post-election chitchat with the prince of awkward, the king of tilted conversation and u
even with the clock ticking it's almost two week since president obama and john boehner met in person. nbc news confirms two leaders spoke by phone for 15 minutes last night a call described by politico as short and curt. boehner gave his state on the current talks a moment ago. >> no substancetive progress has been made in the talks between the white house and the house over past two weeks. all eyes are on the white house. the country doesn't need a v victory lap it needs leader....
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and agreed to with speaker boehner back in 2011. now president obama is saying he want mrs. revenue. he wants $1.6 trillion. but that's big progress and you don't have to raise the top rate to get there. >> stephen: okay, what happens next? do we go over the cliff? does this happen before the cliff or after the cliff? or do we make the deal as we're plunging towards the red sox. >> if we go over the cliff then suddenly grover norquist's pledge becomes inoperative. >> oh! so he's powerless. it's like someone guessed his name and sent him back to the forest. (laughter) well, please come back when we find out what happens. >> absolutely. >> stephen: thank you so much. reihan salam, "the grand new party." we'll be rig (cheers and applause) >> stephen: welcome back, everybody! my guest tonight is a legendary singer/song writer who has composed over 3,000 songs. i'll ask her if one of them was "gangnam style." (laughter) please welcome dolly parton! (cheers and applause) what a pleasure, thank you so much for coming on. >> okay! >> stephe
and agreed to with speaker boehner back in 2011. now president obama is saying he want mrs. revenue. he wants $1.6 trillion. but that's big progress and you don't have to raise the top rate to get there. >> stephen: okay, what happens next? do we go over the cliff? does this happen before the cliff or after the cliff? or do we make the deal as we're plunging towards the red sox. >> if we go over the cliff then suddenly grover norquist's pledge becomes inoperative. >> oh! so...
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john boehner had with president obama last night so john boehner came out to give us a report on this and he said in his view there has been, quote, no substantive progress in talks to avert a fiscal cliff in the last two weeks. take a listen. >> this is not a game. jobs are on the line. the american economy is on the line and this is a moment for adult leadership. campaign style rallies and that is not a way to get things done in washington. peter: republicans want to hear concrete solid major proposals from the white house on spending cuts and entitlement reform. right now tim geithner is meeting with senate republican leader mitch mccoll was a key player in this, meeting at 1:00 or so with house democrattc leader nancy pelosi in the earlier first this morning with senate democratic leader harry reid. cheryl: a busy day before the treasury secretary monitoring his movements. dennis: what is the next step in the fiscal cliff talks? 30 days left to negotiate. more posturing ahead? more progress? the senior editor at fortune magazine predicts, i remember the moment in the presidential
john boehner had with president obama last night so john boehner came out to give us a report on this and he said in his view there has been, quote, no substantive progress in talks to avert a fiscal cliff in the last two weeks. take a listen. >> this is not a game. jobs are on the line. the american economy is on the line and this is a moment for adult leadership. campaign style rallies and that is not a way to get things done in washington. peter: republicans want to hear concrete solid...
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i'm wondering if john boehner and barack obama got together, had their short conversation and say hey, why don't we characterize this as a curt, short, curt conversation. that will help you with your people. that will help -- didn't you love that? you know, we hear they talked, and they had a curt conversation. >> reporter: yeah. there is truth to that. >> exactly what both sides wanted to hear. >> reporter: no, there is truth to that. look, the white house is well aware that they can't -- you know, the one reason why there's not meetings here? that's bad for boehner. boehner can't be seen here on, quote, enemy territory cutting the deal. right? it has -- i mean, look. the semantics matter. you hate to admit that it does, but it does. and the settings matter. that's why you're not seeing a lot of meetings here. >> it does and there are a lot of republicans -- remember newt gingrich going over to the white house through the budget negotiations in the 1990s, and newt gingrich's own words getting his pockets picked by bill clinton. outnegotiated time and time again. so these things do ma
i'm wondering if john boehner and barack obama got together, had their short conversation and say hey, why don't we characterize this as a curt, short, curt conversation. that will help you with your people. that will help -- didn't you love that? you know, we hear they talked, and they had a curt conversation. >> reporter: yeah. there is truth to that. >> exactly what both sides wanted to hear. >> reporter: no, there is truth to that. look, the white house is well aware that...
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bain boehner is spinning his wheels. president obama could be pushing these guys all the way until the break. he reminded the country of the steaks stakes today. there was a sense of urgency in the president's message >>> if we get this part of it right, a lot of the other issues surrounding deficit reduction are going to be a whole lot easier. if we get this wrong, the economy is going to go south. we don't have a lot of time here. we have a few weeks to get this thing done. we could get it done tomorrow. optimistically, i don't think we are going to get it done tomorrow. >> the white house is using all social media resources to get the message out and put pressure on the republicans. >> today, i'm asking congress to listen to the people who sent us here to serve. i'm asking americans all across the country to make your voice heard. tell members of congress what a $2,000 tax hike would mean to you. call your members of congress, write them an e-mail, post it on their facebook walls. you can tweet it using the hash tag m
bain boehner is spinning his wheels. president obama could be pushing these guys all the way until the break. he reminded the country of the steaks stakes today. there was a sense of urgency in the president's message >>> if we get this part of it right, a lot of the other issues surrounding deficit reduction are going to be a whole lot easier. if we get this wrong, the economy is going to go south. we don't have a lot of time here. we have a few weeks to get this thing done. we could...
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obama/boehner comments about a possible agreement. geithner with congressional leaders would set up any kind of good news for a euro to push through that 1.30 level. >> what are your levels? >> i like to go long. actually, i just bought euro literally in my hand held before i sat down at 1.29.70. you want to look for a push through that november triple top high over 1.30. we could target the 1.30, 1.40, the high from october. traditionally in the technical analysis world we have a triple top setting up. those do not hold. i like the trade up towards a test of that october high. >> i'm surprised you don't think the yen is a better trade at the moment. there's a lot of chatter everywhere else about it. >> it's a great point, simon. you know, the boj is doing everything they can to end their 13, 15-year deflationary cycle. my thought on that is you don't get hit by the train you see coming. i feel like the market is so focused on the short yen trade, i think it could work in the short term. you could pair a euro long like i'm talking abo
obama/boehner comments about a possible agreement. geithner with congressional leaders would set up any kind of good news for a euro to push through that 1.30 level. >> what are your levels? >> i like to go long. actually, i just bought euro literally in my hand held before i sat down at 1.29.70. you want to look for a push through that november triple top high over 1.30. we could target the 1.30, 1.40, the high from october. traditionally in the technical analysis world we have a...
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yes, there is a case in point where boehner and obama said there was progress that could be made towards a compromise. the markets turn around to 220 points on the dow. but on 20 points and the dow having been down 110 closed up 106 points. that's because john boehner said they could well be some progress on a compromise. that flies in the face of harry reid saying little progress is made. that is what is driving the u.s. markets and the global markets as well. the fed's beige book says there is a tepid growth. you have the housing market against that manufacturing and superstorm sandy. interesting stats expected out of the auto sectors. this could be good news. we think there may ab a pace of somewhere in the region of 15.2 million cars sold in november. the fact is that americans got very old fleet of cars. the average age of car now is 11 years old. it's 20% of the cars on the road are 16 years old. maybe renewing the cars is a big factor. great numbers for abercrombie and fitch, the shares are up 15%. this is a very well received set of numbers. >> you mentioned the abercrombie stuff
yes, there is a case in point where boehner and obama said there was progress that could be made towards a compromise. the markets turn around to 220 points on the dow. but on 20 points and the dow having been down 110 closed up 106 points. that's because john boehner said they could well be some progress on a compromise. that flies in the face of harry reid saying little progress is made. that is what is driving the u.s. markets and the global markets as well. the fed's beige book says there...
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obama was dissing mr. boehner on the difference between cap rates and deductions. >> i guess my other point isser skin bowls, he comes out of a white house, businessman's meeting today, and said that maybe baum will be flexible and it will only being 37%, 38%. is at that what they mean by common ground? >> i don't think that gets threw. i mean, speaker bainor, other republican leaders have laid out parameters of what republicans can't up to water. >> you only raise $68 billion next year. that's enough to fund the government for less than a week. this does not solve the problem. and you do it at the expense of economic growth, which ultimately should be the goal here. if we want to solve deficits and debt problems, get the economy growing and expanding again, that generates more revenue by comparison. >> let me just ask you a final question. what in your judgment is a key common ground concession that you as a republican -- if you were in the leadership would make to move this ball down the road snp i lot o
obama was dissing mr. boehner on the difference between cap rates and deductions. >> i guess my other point isser skin bowls, he comes out of a white house, businessman's meeting today, and said that maybe baum will be flexible and it will only being 37%, 38%. is at that what they mean by common ground? >> i don't think that gets threw. i mean, speaker bainor, other republican leaders have laid out parameters of what republicans can't up to water. >> you only raise $68 billion...
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this comes on the heels of a phone call between president obama and speaker boehner which occurred credit. my sources are telling me the phone call lasted for about a half an hour. politico described it as curt, but may sources say that's not necessarily the case. so of course treasury secretary tim geithner coming in to the hill trying to move the needle on the fiscal cliff and we're hearing that there are sort of broad outlines of a framework emerging. but of course they really need to put some meat on the bones. what does that mean in terms of increasing taxes and cutting medicare. to those are some of the issues being hammered out today. >> kristen, thank you so much. so as we said, it is tim geithner's day on the hill. is this a sign that talks are being accelerating or hitting stumbling blocks? joining me now senator kent conrad. sir, great to have you here. we showed the headline at the top of the show, from politico, the fiscal framework emerging. are the contours of the deal really taking shape? you heard kristen welker saying the description of that phone conversation may not ha
this comes on the heels of a phone call between president obama and speaker boehner which occurred credit. my sources are telling me the phone call lasted for about a half an hour. politico described it as curt, but may sources say that's not necessarily the case. so of course treasury secretary tim geithner coming in to the hill trying to move the needle on the fiscal cliff and we're hearing that there are sort of broad outlines of a framework emerging. but of course they really need to put...
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. >> reporter: boehner and president obama said they are optimistic that a deal can be reached by christmas. >>> turning overseas to egypt, where opponents of president mohamed morsi are calling for a second revolution. morsi is addressing his people today. a speech in which he's expected to discuss his move last week to seize near absolute power. thousands have been on the streets of cairo protesting that move since. morsi is showing no signs, though, of backing down. >>> and with the conflict in syria showing no signs of ending, the obama administration is reportedly considering deeper intervention there. this morning's "new york times" says no decisions have been made. but several options are being looked at, including providing arms to anti-government fighters. a decision on whether to deploy surface-to-air missiles in neighboring areas is likely next week. >>> and a major milestone is expected at the u.n. today, when the general assembly votes to give statehood to the palestinians. this comes despite strong opposition for u.s. officials over fears that such a move could harm peace nego
. >> reporter: boehner and president obama said they are optimistic that a deal can be reached by christmas. >>> turning overseas to egypt, where opponents of president mohamed morsi are calling for a second revolution. morsi is addressing his people today. a speech in which he's expected to discuss his move last week to seize near absolute power. thousands have been on the streets of cairo protesting that move since. morsi is showing no signs, though, of backing down....
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yesterday investors reacting positively to comments from president obama and house speaker john boehner about the likelihood that congress will reach a budget deal to avoid that so-called year-end fiscal cliff. today we'll get data on unemployment claims, we'll get pending home sales and a revised estimate on third quarter gdp which may show the economy grew more than previously thought this summer. the dow jumped 106 points to 12,985 while the nasdaq was up nearly 24 points to 2991 on those positive comments. meantime small businesses hit it big on cyber monday. digital research firm big commerce says a surge in orders drove overall revenue for small chains and mom and pop stores up 25% over last year's cyber monday. the average order price was 8% higher. online shoppers bought so much stuff, local retailers were averaging about two orders per second. that's four times the normal daily rate. >>> you know, it seems as though every single day during the holiday season has its own title. small business saturday, cyber monday, now it's cyber week. i'm wondering if every day between now and
yesterday investors reacting positively to comments from president obama and house speaker john boehner about the likelihood that congress will reach a budget deal to avoid that so-called year-end fiscal cliff. today we'll get data on unemployment claims, we'll get pending home sales and a revised estimate on third quarter gdp which may show the economy grew more than previously thought this summer. the dow jumped 106 points to 12,985 while the nasdaq was up nearly 24 points to 2991 on those...
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and speaker boehner. and those are really the two people to watch. and their staffs right now. of course, mitch mcconnell will play a key role in bringing around senate republicans, excuse me. but it's really between the house republicans and the white house at this point. you know, we have to watch and see what they do. i think there's a lot of public posturing. but i do think that all these people have been at this table before. they're very familiar with the contours of what they will agree to from the debt ceiling negotiations. and so it's really just a matter of getting closer and closer to that deadline, having the markets start to freak out and then realizing that they have to come up with something. >> seems like there's a lot of public theater going on with this one. >> quickly on michael's point, if the mandates for compromise, accusing the democrats of being wealth destroyers probably doesn't move the compromise needle very far. >> michael, zachary, nancy, thanks to all three of you. i apprecia
and speaker boehner. and those are really the two people to watch. and their staffs right now. of course, mitch mcconnell will play a key role in bringing around senate republicans, excuse me. but it's really between the house republicans and the white house at this point. you know, we have to watch and see what they do. i think there's a lot of public posturing. but i do think that all these people have been at this table before. they're very familiar with the contours of what they will agree...
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making comments, speaker john boehner, harry reid, the market tanks and any signs of disagreement. don't fret, next guest is here to tell you about how to behave in this atmosphere in a way he believes will make you money. joining me now in a fox business should listen. what are you teaching your employees, your traders, what are you telling them to do right now? >> you have to be communicating with your clients, you cannot trade this as an individual trader. you have to be prepared there is a decline, what will happen if congress recesses without a bridge to get us over the fiscal cliff the market will go down precipitously perhaps 1000 points and it will be the markets way to say let's come back, you made the mistake like they did four years ago. tracy: the market dropped 1000 points or what have you, get in? >> to be a generational buying opportunity. this is based on congressional ineptitude. the fact is the economy has a tail wind, the market is fundamentally attracted, the valuations are reasonable. you have earnings growth. if we can bridge the fiscal cliff and get a compreh
making comments, speaker john boehner, harry reid, the market tanks and any signs of disagreement. don't fret, next guest is here to tell you about how to behave in this atmosphere in a way he believes will make you money. joining me now in a fox business should listen. what are you teaching your employees, your traders, what are you telling them to do right now? >> you have to be communicating with your clients, you cannot trade this as an individual trader. you have to be prepared there...
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john boehner, house democrats, and president obama talk about the fiscal cliff. several live events to tell you about tomorrow morning. a report on british media practices that included among other things, phone hacking of people of in the new spirit that is on c-span 2. on c-span 3, the senate environment and public works committee will hear about the impact of hurricane sandy. coming up, former congressional leaders talk about what congress learn from the 1990 agreement. from the bipartisan policy center, this is under two hours. >> ok. welcome. i am the director of public administration program. i want to welcome you to the session, which we are calling looking back to move a forward. this is co-sponsored by george mason university and the bipartisan policy center. it is our pleasure to put this on and to recognize with all the frenzy about the fiscal cliff that we have a history. some of the history is successful in resolving deep seated hard choices. that is will we will look back and talk about today and see whether we can learn any lessons from the experie
john boehner, house democrats, and president obama talk about the fiscal cliff. several live events to tell you about tomorrow morning. a report on british media practices that included among other things, phone hacking of people of in the new spirit that is on c-span 2. on c-span 3, the senate environment and public works committee will hear about the impact of hurricane sandy. coming up, former congressional leaders talk about what congress learn from the 1990 agreement. from the bipartisan...
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and president obama was progress. he was feeling more optimistic and he believes the speaker and the president are trading proposals right now. liz: ok, thank you very much. dave: the boosting gdp may be short-lived. we have someone who says call it for a slowdown in the u.s. and warning of a worldwide recession is sauce -- is the moderate thing to do. you don't want to miss harry dent coming. liz: drug refills may be costing you even more money this year filling brandname prescription. you know cheaper alternatives, they may be getting even more affordable. you got to hear this story. we take any kind of prescription drugs. details straight ahead in today's speed read. b you know how panful heartburn can be. for fast, long lasting relief, use doctor recoended gaviscon®. only gaviscon® forms a protective barrier that helps block stomach acid from splashing up- relievi the pain quickly. try fast, long lasting gaviscon®. maybe you want to incorporate a business. ortect your family with a will or living trust. and you
and president obama was progress. he was feeling more optimistic and he believes the speaker and the president are trading proposals right now. liz: ok, thank you very much. dave: the boosting gdp may be short-lived. we have someone who says call it for a slowdown in the u.s. and warning of a worldwide recession is sauce -- is the moderate thing to do. you don't want to miss harry dent coming. liz: drug refills may be costing you even more money this year filling brandname prescription. you...
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it will eventually come to an agreement with president obama and speaker boehner. what ever can be done now to get to that process, the sooner we get there, the better off we will be. will we get there before the new year? i do not know. but one reason it is good to look back at andrews is that help us get to an agreement. we had problems, but we essentially got there. that is the precedent that i think should be taken. my last point is value -- i went to the dark side, i joined cbo, then for most of the past 10 years i have been in the international budgeting community. i want to say that particularly to the gentleman on my right. and this is a tremendous value that is not recognized in the u.s. the value is the spending caps. by spending caps, i mean not just pay-go and tax expenditures. that has served as a precedent for a number of countries that have had successful fiscal experiences since. they include sweden, switzerland, holland, chile, finland. it does not include the european union. the european union is still -- they are still suffering from it. i do not
it will eventually come to an agreement with president obama and speaker boehner. what ever can be done now to get to that process, the sooner we get there, the better off we will be. will we get there before the new year? i do not know. but one reason it is good to look back at andrews is that help us get to an agreement. we had problems, but we essentially got there. that is the precedent that i think should be taken. my last point is value -- i went to the dark side, i joined cbo, then for...
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>>> out front next today, president obama and speaker of the house john boehner both hint that a deal to avoid the fiscal cliff is on the way. possibly in time for santa. i asked republican john cornyn whether he thinks that is a reality. >>> and governor romney sits down with the president since the election, actually since the debates. does this do either of them any good? rick santorum is out front. and julian assange is out front to answer critics and our questions tonight. let's go "out front." >>> good evening, everyone. i'm erin burnett, outfront tonight, an early christmas miracle. or at least the glimmer of one today. barack obama bringing glad tidings of great joy to avoid the fiscal cliff. >> i will go anywhere and do anything it takes to get this done. it's too important for washington to screw this up. >> and john boehner, not to be outdone, put a little early present under the tree too. >> i'm optimistic that we can continue to work together to avert this crisis and sooner rather than later. >> these are pretty glum faces to deliver those presents. no smile from either o
>>> out front next today, president obama and speaker of the house john boehner both hint that a deal to avoid the fiscal cliff is on the way. possibly in time for santa. i asked republican john cornyn whether he thinks that is a reality. >>> and governor romney sits down with the president since the election, actually since the debates. does this do either of them any good? rick santorum is out front. and julian assange is out front to answer critics and our questions...
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offer to president obama. that is a bold plan. could you talk about that? >> a bunch of the american people are -- it is so frustrating for these guys. i was listening. i did not have inside information. we were listening to this. i said, these guys can get together and do a deal if they want to. the idea there was to set out and prove to them, you can do a deal. i took the midpoint of where they were in every category of spending. as an example on discretionary spending, they were between $250 billion and $400 billion. i said, take $300 billion. on health care, on other mandatory, cpi, to gather it was $200 billion. in trust, about $400 billion. $1.80 trillion worth of spending cuts. you add that to the $1.30 trillion already done, that is $3.10 trillion. you take the speaker and the president on revenue, $3.90 trillion. it does not change the fact that we have got to make social security sustainably solvent. we have got to reform a tax code and simplify it to make it more competitive in a global marketplace
offer to president obama. that is a bold plan. could you talk about that? >> a bunch of the american people are -- it is so frustrating for these guys. i was listening. i did not have inside information. we were listening to this. i said, these guys can get together and do a deal if they want to. the idea there was to set out and prove to them, you can do a deal. i took the midpoint of where they were in every category of spending. as an example on discretionary spending, they were...
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house speaker john boehner also spoke to president obama on the phone last night. he said he wanted to know where the administration would rein in spending, but that he had heard nothing new. >> i was hopeful we'd see a specific plan for cutting spending. we sought to find out today what the president is really willing to do. listen, i remain hopeful that productive conversations in the days ahead can be had but the white house has to get serious. >> sreenivasan: senate minority leader mitch mcconnell echoed that complaint. in a statement, he said, "today, they took a step backward and significantly closer to the cliff." conversely, white house spokesman jay carney charged republicans failed to provide any details on what they could tolerate in the way of tax increases. >> the president has always engaged in this with real numbers. when you talk about flexibility on revenue, all we've heard so far and it's welcomed, don't get me wrong, but we've heard that yes, revenue on the table but we need more than that. >> sreenivasan: away from the microphones, there were re
house speaker john boehner also spoke to president obama on the phone last night. he said he wanted to know where the administration would rein in spending, but that he had heard nothing new. >> i was hopeful we'd see a specific plan for cutting spending. we sought to find out today what the president is really willing to do. listen, i remain hopeful that productive conversations in the days ahead can be had but the white house has to get serious. >> sreenivasan: senate minority...
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. >> reporter: speaker john boehner and president obama spoke for almost half an hour wednesday evening. >> well, we had a very nice conversation last night. it was direct. and straightforward. >> reporter: cnn has learned the president told the speaker there's no deal unless republicans agree to let the tax rates go back up for families who earn more than $250,000 a year. what the president campaigned on. but in recent days there's been talk of getting revenue by capping deductions or bringing in more money through tax reform. it's clear for the white house those proposals wouldn't be enough. it has to be tax rates for the wealthiest. speaking to wolf blitzer, goldman sachs ceo's the latest business leader to say that should not stand in the way of a deal. >> i think if that's what it took to make the math work, when you look at the entitlement side and when you look at the revenue side, i wouldn't preclude that. >> reporter: but speaker boehner is pushing back saying the real debate shouldn't be about taxes. it should be about cutting spending. >> despite the claims that the president
. >> reporter: speaker john boehner and president obama spoke for almost half an hour wednesday evening. >> well, we had a very nice conversation last night. it was direct. and straightforward. >> reporter: cnn has learned the president told the speaker there's no deal unless republicans agree to let the tax rates go back up for families who earn more than $250,000 a year. what the president campaigned on. but in recent days there's been talk of getting revenue by capping...
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boehner and other congressional leaders on capitol hill thursday. danielle nottingham, cbs 5, washington. >>> it was too toxic for clothing but not too dangerous for furniture. >> but chemicals in our furniture and our baby products, the epa does not have the authority to regulate them and they end up in our bodies. >> how a california law is contributing to the problem. >>> a 3,000-mile tribute to a life lost much too young. the message friends want people hear as they run coast to coast. ,, now, you're probably sittinn a pound of toxic chemicals.5 consumerwatch reporter julie watts explains one of those >>> if you are sitting on/couch you're probably sitting on a pound of toxic chemicals. cbs 5 consumerwatch reporter julie watts explains one of those chemicals was banned decades ago. >> so in the '70s, every child in america was wearing pajamas that were like 10% by weight chemical. >> reporter: after she discovered the common flame retardant with a carcinogen actually changed dna public outrage prompted 9 chemical industry to remove it from child
boehner and other congressional leaders on capitol hill thursday. danielle nottingham, cbs 5, washington. >>> it was too toxic for clothing but not too dangerous for furniture. >> but chemicals in our furniture and our baby products, the epa does not have the authority to regulate them and they end up in our bodies. >> how a california law is contributing to the problem. >>> a 3,000-mile tribute to a life lost much too young. the message friends want people hear as...
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house speaker boehner had a conversation last night with president obama about 15 minutes long. he met with treasury secretary geithner came out this morning and came out with a press conference and said the two sides made quote, no substantive progress toward a deal to avert the fiscal cliff. speaker boehner said republicans put revenue on the table but the president and democrats haven't put enough on the table about spending cuts and are not serious about spending cuts. it is democrats are not serious about tax revenues. still one top democrat said, don't listen to the rhetoric. >> going over the fiscal cliff is serious business and i'm here seriously trying to resolve it and i would hope the white house would get serious as well. >> speaker boehner this morning ssys there is no progress all you have to do is just listen to what's happening out there and you know there is progress? >> speaker boehner in his press conference said, quote, this is a moment for adult, for some adult leadership. kind of a slap at the president there, ashley. ashley: boy oh, boy. the rhetoric start
house speaker boehner had a conversation last night with president obama about 15 minutes long. he met with treasury secretary geithner came out this morning and came out with a press conference and said the two sides made quote, no substantive progress toward a deal to avert the fiscal cliff. speaker boehner said republicans put revenue on the table but the president and democrats haven't put enough on the table about spending cuts and are not serious about spending cuts. it is democrats are...
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and the house speaker, john boehner, both expressing optimism on those fiscal cliff negotiations in washington. the dow rallied 100 points yesterday off of those comments. how many times have you heard me say congress will mess it up. >>> goldman sachs ceo met with the president and others yesterday for those fiscal cliff talks. listen to what he told wolf blitzer when asked if taxes should be raised on those making more than $250,000 a year. if that's what it takes to make the math work when you look at entitlement side and revenue side, i wouldn't preclude that. of course we would have to do that if the numbers drive that way. >> he said america can't afford itself right now the way we're going. fiscal cliff talks today continue with geithner making the rounds on capitol hill. later this morning, third quarter gdp expected to be revised higher. economists expect gdp for july to september to be revised from 2% to 2.8%. that would be good news. this is still modest growth. everyone hopes that next year will be a better year than this one in terms of growth. you want to see more than
and the house speaker, john boehner, both expressing optimism on those fiscal cliff negotiations in washington. the dow rallied 100 points yesterday off of those comments. how many times have you heard me say congress will mess it up. >>> goldman sachs ceo met with the president and others yesterday for those fiscal cliff talks. listen to what he told wolf blitzer when asked if taxes should be raised on those making more than $250,000 a year. if that's what it takes to make the math...
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the talks already high level between the staff of john boehner and the obama administration. host: could this issue to be treated separately? guest: no. i think it will be decided in some kind of package at the end of the year. it could be a small package but they need to make a decision. host: kenneth, good morning. caller: i don't think the american people will get anything unless we let things go over the fiscal cliff. republicans will never agree to anything. i think obama needs to stick to his guns. guest: that is one of view of some liberals and some republicans say let's go over the cliff. then you get to cut tax rates. that is easier politically to do. nobody says it is their first choice. some say the democrats could have more leverage if we go over the cliff. some think tanks have said and most people understand it is a slope. it will be gradual. many people are looking to the stock-market to see what their reaction is if there is not a deal. that could have its own impact on the economy. host: author any strong advocates in the administration who maintain the payro
the talks already high level between the staff of john boehner and the obama administration. host: could this issue to be treated separately? guest: no. i think it will be decided in some kind of package at the end of the year. it could be a small package but they need to make a decision. host: kenneth, good morning. caller: i don't think the american people will get anything unless we let things go over the fiscal cliff. republicans will never agree to anything. i think obama needs to stick to...
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geithner is president obama's lead negotiator in the budget talks. he'll first meet with harry reid at 10:00 followed by john boehner, eric cantor and paul ryan. geithner will lunch with mitch mcconnell and then he'll meet with house minority leader nancy pelosi. president obama is signaling he's flexible on where tax rate shoes go if the wealthiest americans. return to clinton era tax rates would have house holds playing between 36% to nearly 40%. the president met with a group of ceos wednesday. they offered support for resolving the fiscal cliff crisis with a proposal that includes higher taxes for those who make more than a quarter million dollars a year. >> at this point both sides have acknowledged that there is going to be revenue concessions and there will be entitlement concessions. in fact if you listen to it, again, i'm not a master of the political art here, but i would say if you have these point of views in the business context as close as they are, i would say a deal would be in reach. >> interesting. bill ford jr. agrees with blankfei
geithner is president obama's lead negotiator in the budget talks. he'll first meet with harry reid at 10:00 followed by john boehner, eric cantor and paul ryan. geithner will lunch with mitch mcconnell and then he'll meet with house minority leader nancy pelosi. president obama is signaling he's flexible on where tax rate shoes go if the wealthiest americans. return to clinton era tax rates would have house holds playing between 36% to nearly 40%. the president met with a group of ceos...
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boehner and other congressional leaders on capitol hill thursday. danielle nottingham, cbs news, washington. >>> even though it's too late to cash in on tonight's powerball jackpot, when california might get into the game. >> the fallout at apple from the misfire on maps. ,, ,,,,,,,,,,,,,, tonight, after making her 1- million dollars richer! ye] nguyen claimed h >>> a milpitas woman is thanking her brother tonight after making her $14 million richer. she claimed her super lotto jackpot prize today but it was her brother who bought the winning ticket in september when she couldn't get to the store. so now she is planning to share her winnings of course with her brother and family. >> better! >>> california may add powerball to its lottery games. but unfortunately, not in time for tonight's half billion- dollar jackpot. hopefuls were lining up for the that little piece of paper that could change their lives. tickets are selling at a rate of 130,000 a minute! they are like 42 states in this. jackpot not a record but it's close. $550million. >> i could
boehner and other congressional leaders on capitol hill thursday. danielle nottingham, cbs news, washington. >>> even though it's too late to cash in on tonight's powerball jackpot, when california might get into the game. >> the fallout at apple from the misfire on maps. ,, ,,,,,,,,,,,,,, tonight, after making her 1- million dollars richer! ye] nguyen claimed h >>> a milpitas woman is thanking her brother tonight after making her $14 million richer. she claimed her...
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however, keeping them honest, house speaker john boehner and others have been trying to play down the fact that president obama and others got a significant boost from voters. >> in politics there is the temptation from those who win office to think that they have a mandate to do what they will. >> i don't think so because they re-elected the house republicans. so whether people intended or not, we have divided government. >> the american people made clear that there is no mandate for raising tax rates. >> keeping them honest. president obama campaigned and won on letting taxes go up for the top earners. so his victory throws cold water on that claim. democrats gained seats in the senate and on the house. recent cnn polling shows that mosh than two in three people support tax hikes for the wealthy. it is something that republicans will be grapling with from now until new year's day. joining us is congressman cole, a republican. thank you for joining us. >> thank you. >> your proposal that republican lawmakers should agree with democrats, extend the tax breaks for those making $250,000
however, keeping them honest, house speaker john boehner and others have been trying to play down the fact that president obama and others got a significant boost from voters. >> in politics there is the temptation from those who win office to think that they have a mandate to do what they will. >> i don't think so because they re-elected the house republicans. so whether people intended or not, we have divided government. >> the american people made clear that there is no...
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but house speaker john boehner disagrees. saying, that would hurt the economy. >>> if you know someone looking for a job, perhaps have them pick up a hammer and tool set. a new report says the construction industry lost nearly 2 million workers during the recession. but now that the housing industry is starting to bounce back, a few of the workers have returned. "usa today" reporting, texas, arizona, iowa, florida, are especially in need of such workers. >>> we're just getting new video of actress lindsay lohan, covering her face with a jacket after being arrested in new york. she's accused of punching a woman in a nightclub. she faces third-degree assault charges. >>> amanda knox is telling her story in a new memoir, more than a year after an italian court overturned her conviction for the murder of her roommate. the book, "waiting to the heard," is due out in april, stemming from a deal reportedly worth some $4 million. knox talks about her harrowing ordeal, suffering in prison for more than four years while awaiting trial.
but house speaker john boehner disagrees. saying, that would hurt the economy. >>> if you know someone looking for a job, perhaps have them pick up a hammer and tool set. a new report says the construction industry lost nearly 2 million workers during the recession. but now that the housing industry is starting to bounce back, a few of the workers have returned. "usa today" reporting, texas, arizona, iowa, florida, are especially in need of such workers. >>> we're...
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hill today for individual meetings with each member of the congressional leadership, including speaker boehner. wednesday, mr. obama brought back a campaign atmosphere, surrounding himself with what he called average middle class families to ramp-up pressure on republicans. >> if congress does nothing, every family in america will see their taxes automatically go up at the beginning of next year. >> reporter: the president wants congress to extend the bush tax rates for those making less than $250,000, but let taxes go up for everyone else. he's taking that message on the road friday to pennsylvania. not to be outdone on the pr front, house republicans hosted a group of nervous business leaders who have signed on to a campaign called "fix the debt" who want spending cuts to supplement the tax hikes. >> we put revenue on the table as long as it's accompanied by serious spending cuts to avert this crisis. >> reporter: and as the president gets set to change up his cabinet, he took time out of wednesday's cabinet meeting to defend the woman who could be his next secretary of state. >> susan rice
hill today for individual meetings with each member of the congressional leadership, including speaker boehner. wednesday, mr. obama brought back a campaign atmosphere, surrounding himself with what he called average middle class families to ramp-up pressure on republicans. >> if congress does nothing, every family in america will see their taxes automatically go up at the beginning of next year. >> reporter: the president wants congress to extend the bush tax rates for those making...
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today president obama is hosting mitt romney for lunch. it's closed to the press but those fiscal cliff talks will be part of that discussion. >> curious minds will want to know. susan, thank you. the fiscal issue of another sort, the record setting powerball jackpot. we like talking about this fiscal issue. this morning lottery officials say there are two winning tickets for the grand prize. the winning tickets were sold in arizona and missouri. the prize winners have not come forward. the winning numbers, 5, 16, 22, 23, 29 and powerball 6. the winners will split a jackpot of more than $587 million. second largest in u.s. lottery history. later in the broadcast, a report from anna warner on the down side to lottery fever. addictive gambling. that's later on this morning. this morning the west coast is getting ready for the second of three back-to-back storm systems, the so-called pineapple weather system started in the hawaiian islands. some call it a train. a mix of powerful torrential rains and strong winds. it has knocked down power li
today president obama is hosting mitt romney for lunch. it's closed to the press but those fiscal cliff talks will be part of that discussion. >> curious minds will want to know. susan, thank you. the fiscal issue of another sort, the record setting powerball jackpot. we like talking about this fiscal issue. this morning lottery officials say there are two winning tickets for the grand prize. the winning tickets were sold in arizona and missouri. the prize winners have not come forward....
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republicans are going to be watching that, too boehner has an opportunity to correct. we'll see if he does. funker oh the showdown on the fiscal cliff, president obama today met with middle class americans, corporate executives and he was urging supporters to use #my2k to determine how tax changes would affect them. an schmidt tweeted: >> do you think it's a good idea to go out to the people as the president is negotiating with congress. >> i personally am a big proponent of anytime you're blinging people into the halls of capitol hill, this is one of the most polarized congresses we have seen. compromise has not been king of the hill for sometime now. i'm not sure it works. last year, bringing public pressure to the payroll cut extension through congress. i'm not sure it works this time, but it's an innovative way to get folks engaged. >> of course all of this negotiation around the fiscal cliff, the president actually indicated today that he might be president-electable. he says he's not necessarily looking for income tax rates as high as they were under president cl
republicans are going to be watching that, too boehner has an opportunity to correct. we'll see if he does. funker oh the showdown on the fiscal cliff, president obama today met with middle class americans, corporate executives and he was urging supporters to use #my2k to determine how tax changes would affect them. an schmidt tweeted: >> do you think it's a good idea to go out to the people as the president is negotiating with congress. >> i personally am a big proponent of anytime...
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obama sends chief negotiator treasury secretary tim gheiter for individual meetings with each member of the conditioningal leadership which includes speaker john boehner, perhaps the most important player here. the meetings mark the beginning of the real negotiations. that doesn't mean the posturing stage is behind us. one capitol hill veteran, former fdic, sheila bair, a long-time staffer by the way who butted heads with geithner in the past, made this interesting observation to david gregory about tim geithner saying he's not the right guy for the white house to be sending in for these talks. >> do you think tim geithner, secretary geithner is the right person to lead the negotiations for the administration sf. >> i don't know. i don't think this is tim's strong suit. i think tim was given the job of treasury secretary because he understood the banking system. he's not a budget guy. he's not a tax guy. he's never really worked in this sphere. >> geithner is leading these talks for two reasons. he and the president are very close. they simply click. secondly, boehner likes him. that
obama sends chief negotiator treasury secretary tim gheiter for individual meetings with each member of the conditioningal leadership which includes speaker john boehner, perhaps the most important player here. the meetings mark the beginning of the real negotiations. that doesn't mean the posturing stage is behind us. one capitol hill veteran, former fdic, sheila bair, a long-time staffer by the way who butted heads with geithner in the past, made this interesting observation to david gregory...
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Nov 29, 2012
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, john boehner. dan lothian is at the white house. dan, what do you know? >> reporter: well, this is the second phone conversation now that the president has had with speaker boehner with regards to the fiscal cliff. this call, according to a source familiar with it, told me it lasted for 28 minutes. this official saying it was hardly short or curt, as had been reported by some news outlets. and my colleague, jessica yellen, heard from another source that said that the president told speaker boehner that he felt that rates had to go up on wealthy americans and that there would be no deal without that. so clearly, there is still some distance between the two sides here. the president believing that wealthy americans need to pay more. those bush era tax cuts should not extend for them. republicans believing that all americans should benefit from those tax cuts, and that now you should put en titlements on the table. of as we see, the officials from the white house going up to capitol hill today, treasu
, john boehner. dan lothian is at the white house. dan, what do you know? >> reporter: well, this is the second phone conversation now that the president has had with speaker boehner with regards to the fiscal cliff. this call, according to a source familiar with it, told me it lasted for 28 minutes. this official saying it was hardly short or curt, as had been reported by some news outlets. and my colleague, jessica yellen, heard from another source that said that the president told...